Chart Thai Pattana pushes for carbon-credit centre and flux towers in Thailand​

Apart from its role in carbon-credit trading both domestic and overseas, Varawut said the carbon-credit centre will provide knowledge on climate change, carbon credit, carbon footprints and laws that would affect businesses, such as the European Union’s Carbon Border Adjustment Mechanism and the US Clean Competition Act.

Thailand opened the carbon-trading platform FTIX on September 21 last year as a partnership between the Thailand Greenhouse Gas Management Organisation (TGO) and the Federation of Thai Industries.

“The ministry has asked the TGO to improve carbon-credit assessment to meet international standards,” he said.

Carbon-credit assessments are expensive and time-consuming because there are few carbon-credit assessment companies.